VM-21: Requirements for Principle-Based Reserves for ...

The term “similar in nature” as used in Section 2.A.1.c and Section 2.A.1.d is intended to capture current products and benefits, as well as product and benefit designs that may emerge in the future. ... The cash may then be invested following the company’s investment strategy. A company may switch from method a) to b) at any time, but ... ................
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